The Modern Retail Podcast
Rundown: Flexport C-suite drama, Draper James acquired & Walmart lowers its starting wages
Sep 9, 2023
Former CEO of Flexport, Dave Clark's surprise departure. Reese Witherspoon-founded apparel brand Draper James acquired by a private equity firm. Walmart lowers starting wages for new hires.
23:37
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Quick takeaways
- The challenges faced by companies in the supply chain industry and the difficulties of scaling and expanding during uncertain times.
- The trend of consolidation and mergers within the apparel industry as companies seek stability in a changing market.
Deep dives
Flexport CEO Resignation and the Challenges Faced by the Company
Flexport, a supply chain software startup, has been facing turmoil as its CEO, Dave Clark, abruptly stepped down. Clark, an Amazon alum, was forced out by the board, according to new reporting. The company, which experienced a boom in sales during the pandemic, has been struggling as interest rates rise and business objectives become unclear. The situation at Flexport sheds light on the challenges faced by companies in the supply chain industry and the difficulties of scaling and expanding during uncertain times.
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